Options Brief: J. C. Penney Company (JCP)

Shares of J. C. Penney Company

are lower on the session by 0.19%, trading at $32.23. Overall put volume is now running at 4.56x the daily average, with 11% of all puts traded being purchases on the offer. 28,017 contracts have traded on the session so far. J. C. Penney Company, Inc. is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. The company is a retailer, operating 1,108 JCPenney department stores in 49 states and Puerto Rico as of January 30, 2010.